Eufaula, Alabama Property Taxes
The median property tax rate in Eufaula, AL is 0.27%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Eufaula at $135,271, the typical annual property tax bill is $358, far below the national median of $2,690. Property taxes in Eufaula are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eufaula's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Eufaula or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eufaula, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$365
Ownwell’s Eufaula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eufaula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eufaula to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Eufaula, Alabama
Property taxes in Eufaula, Alabama, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Eufaula is 0.27%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Eufaula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eufaula estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. Understanding how Eufaula's effective property tax rate compares to the national median provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to other areas.
Average Eufaula Tax Rate
0.27%
Average Henry County Tax Rate
0.37%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eufaula, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36027 | 0.13% | 0.22% | 0.27% | 0.34% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Eufaula, Alabama
In Eufaula, Alabama, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Henry County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Eufaula, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Eufaula helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Eufaula, the highest median tax bill is $358.00 in the 36027 zip code, while the lowest median tax bill is also $358.00 in the same zip code.
Average Eufaula Assessed Value
$135,271
Average Henry County Assessed Value
$118,764
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eufaula, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36027 | $29,361 | $78,981 | $135,271 | $166,206 | $206,801 |
Source: Ownwell
Property Tax Bills Across Eufaula, Alabama
In Eufaula, located in Henry County, AL, property tax bills are determined by assessing the value of a property and applying the local tax rate to this assessed value. The median home price in Eufaula is $135,271. Property taxes are calculated based on this assessed value, with various factors influencing the final tax bill, including property location, exemptions, and improvements. Homeowners in Eufaula can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $153, while at the 75th percentile, it rises to $575. At the 90th percentile, the tax bill can reach as high as $863. The highest median tax bill recorded in the area is $358, which is also the lowest median tax bill, indicating a consistent rate within the zip code 36027. Compared to the national median property tax rate of 0.99%, Eufaula's property tax rate is relatively modest. This affects homeowners by providing a relatively lower tax burden, making homeownership more affordable in this region.
Average Eufaula Tax Bill
$358
Average Henry County Tax Bill
$519
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Eufaula, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36027 | $54 | $153 | $358 | $575 | $863 |
Source: Ownwell